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Central features of today’s electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect...
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We analyze the effect of competition on price dispersion in the airline industry and show that the outcome hinges on … redefining the extent of a market. Using panel data from 1993 to 2013, an increase in competition has a positive effect on price …
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